Barnes & Noble, Inc. (NYSE:BKS) reported that they are expecting a sales boost of $150-$200 million due to the dissolution of Borders book stores. Barnes & Noble expects a sales increase at stores that are open at least a year to increase 2-3% during their 2012 fiscal year, which starts May 1. Barnes & Noble acknowledged the competition they saw from Borders to find discounts due to the closing of 399 stores.

Steve Riggio is no longer the CEO of bookseller company Barnes & Noble.  He is being replaced by William Lynch, the President of BN.com.  Riggio will be the Vice Chairman of Barnes & Noble going forward. [TechCrunch]